News

BX Swiss gets new market maker and new trading system

Lang & Schwarz becomes partner for expansion of product range // Elasticia system covers transparency requirements // Trading now until 17.30 hours CET

With a new market maker and a new trading system, BX Swiss Ltd. is strengthening its position in quality trading for investors in Switzerland. From now on, Lang & Schwarz TradeCenter AG & Co. KG will support as a market maker the approximately 1,300 financial products tradable at BX Swiss and provide liquidity for trading in Swiss and international equities and exchange-traded funds (ETFs). Harald Schnabel, CEO of BX Swiss Ltd., commented: ‘Lang & Schwarz is a suitable partner for the expansion of the product range at BX Swiss in the long term.’ BX Swiss aims to attract even more investors in the future by offering a high quality of trading and a broad selection of tradable securities.

BX Swiss has also put into operation the new trading system Elasticia. The changeover to Elasticia means BX Swiss meets the requirements of the Swiss Financial Market Supervisory Authority, FINMA, regarding pre- and post-trade transparency. Elasticia was developed by Nordic Growth Market AB (NGM), Boerse Stuttgart’s Scandinavian subsidiary. The system has proved efficient and reliable at NGM’s trading venues. Schnabel continued: ‘Elasticia forms a sound technological basis for the further development of BX Swiss, and meets all regulatory requirements.’ The new trading system also enables BX Swiss to extend its trading hours: investors can now trade for 30 minutes longer in the afternoon, until 17.30 hours CET.

Your contact:

BX Swiss Ltd.

Harald Schnabel

CEO

Phone +41 (0)31 329 40 40

Email harald.schnabel@bxswiss.com

www.bxswiss.com

 

About BX Swiss

BX Swiss Ltd. operates an exchange focused on the needs of Swiss investors and issuers. It is subject to the Swiss Financial Market Infrastructure Act (FMIA) and is regulated by the Swiss Financial Market Supervisory Authority (FINMA). A comprehensive selection of over 900 equities and 400 exchange-traded funds (EFTs) are listed on the exchange which is open to Swiss investors between 9.00 and 17.30 hours (CET). Investors who wish to take advantage of BX Swiss’s low brokerage fees should specify or enter ‘BX Swiss’ when executing their trades.